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Oct 4, 2012 11:00am PDT
new technology and new equipment. they also need to restructure these places in terms of the amount of employees that they need to operate so they can achieve greater productivity and greater efficiencies, and they certainly need to improve the management of many of them. narrator: an immediate result of the new policy of "reform and opening" was the acceleration of factories shedding themselves of redundant labor. pannell: from, say, the mid-'90s until about now, th'vst aboutmillio people in termof people that have literally been thrown out of work out of these state-owneenterprise and they are distributed all over the country, but many of them are up in the noheast. the place is really being hit very, very hard. narrator: in shenyang, out of a population of 6.8 million, approximately 1.3 million people are out of work. at one time, the shenyang number one tool works employed more than 8,000 people. today it employs just over 3,000. one of the lucky ones is shao jianwei. his father worked at the tool works until his retirement, among the last beneficiaries of the iron rice bowl. sh
Search Results 0 to 0 of about 1